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MacLeod Inc.'s stock has a beta of 1.3 and a required rate of return of 0.16. If the expected rate of return of the U.S.

MacLeod Inc.'s stock has a beta of 1.3 and a required rate of return of 0.16. If the expected rate of return of the U.S. government T-bill is 0.08, what is the expected rate of return of the market index according to the Capital Asset Pricing Model?

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